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4044 West Potomac Avenue

4044 West Potomac Avenue, Chicago, IL 60651
Multifamily in West Humboldt Park
1 Units For Sale
Unit for sale at 4044 W Potomac Avenue, Chicago, IL 60651

$365,000

  • 5 Beds
4044 W Potomac Avenue, Chicago, IL 60651 Listing by Maria Garcia

4044 West Potomac Avenue in Chicago, IL was first built in 1918 and is 106 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 2 floors. There are a total of 11 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 4044 West Potomac Avenue has 2,190 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 300 ft and the linear feet between the front and back of the lot is 1,230. In total, the area measurement of the land is 3,690 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 4044 West Potomac Avenue was last sold in Dec 19, 2023 for $365,000. According to our calculations, that's $166.67 per sqft. Prior to that sales transaction, the property was sold for $60,000 in Mar 15, 2011. Current property owners are expected to pay $6,495 in taxes per year. The property on 4044 West Potomac Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $35,000. To break that down further, the land itself was valued at $4,428. While improvements to the property were assessed at a total of $30,572. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,690
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,190
  • Gross Building Area: 2,190
  • Building Area: 2,190
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,190
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SCHULTZES SUB
  • Land Acres: 0.085
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: T H (SCHULTZES) SUB OF LTS 32-46 IN BLK 4 IN DEMAREST & KAMERLING GRAND AVE SUB NH SE NE SEC 03-39-13

Ownership

  • Current Owner : ORTIZ CRISTIAN I
  • Previous Owner : CHAVEZ JAVIER
  • Previous Owner 2: CHAVEZ GRISELDA
  • Owner Before Previous Owner: AURORA LOAN SERVICES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 230600

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: 021-132-02
  • District: 77
  • Parcel: 16-03-227-021-0000
  • Block: 4
  • Lot: 32-46
  • Meridian: SEC 03 TWN 39N RNG 13E
  • Municipality: WEST CHICAGO
  • Latitude: 41.9047
  • Longitude: -87.7281

    Address

  • Full Address: 4044 W Potomac Ave
  • Address - House Number: 4044
  • Street Direction: W
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C026
  • 4-Digit Zip Code: 1959
  • Zip Code: 60651

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,495
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 432,323
  • High Value: 542,789
  • Low Value: 321,856

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,818
  • First Open Lien Mortgage Lender: NEIGHBORHOOD LOANS, INC.
  • First Open Lien Mortgage Recording Date: Jan 10, 2024
  • First Open Lien Mortgage Loan Amount: $352,818
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Market Valuation

  • Market Total Value: $350,000
  • Market Land Value: $44,280
  • Market Improvement Value: $305,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,000
  • Assessed Land Value: $4,428
  • Assessed Improvements Value: $30,572

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Transaction ID: 11918868017
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 33060
  • Previous Sale Recording Date: Apr 07, 2011
  • Previous Sale Contract Date: Mar 15, 2011
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEIGHBORHOOD LOANS, INC.
  • First Mortgage Transaction Date: Jan 10, 2024
  • First Mortgage Loan Amount: $352,818
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2054

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Frequently Asked Questions

What neighborhood is 4044 West Potomac Avenue located in?
The 4044 West Potomac Avenue is a multifamily located in the neighborhood of West Humboldt Park in Northwest Side, Chicago.
How many listings are currently for sale in 4044 West Potomac Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 4044 West Potomac Avenue?
The average sales price for units in 4044 West Potomac Avenue is $365,000 currently.

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